59 Pier Avenue
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2020 | Sold | ||
| Sold | |||
| May 19, 2020 | Sold | ||
| Sold | |||
| Mar 21, 2020 | No longer available | - | |
| No longer available | |||
| Mar 19, 2020 | In contract | - | |
| In contract | |||
| Mar 8, 2020 | Listed by Douglas Elliman Real Estate | $648,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Turn key home, fully remodeled! Updated taxes edited as soon as made available. Close proximity to Iron Pier Beach. Located on a private road and sitting on just shy of an acre, with 4 bedrooms and 3 full baths. Master bedroom has 2 walk-in-closets and en suite. Solar panels are paid off and provide electric. Home also includes Nest thermostats and Ring doorbell. The manager has listed the unit size as 2500 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017